Dell Technologies shares jumped to $263.99 following Trump’s public endorsement, capping a 107% year-to-date gain.
Dell Technologies (NYSE:DELL) stock reached an all-time high of $263.99 on May 8, climbing as much as 14.6% intraday after President Donald Trump urged Americans to “buy a Dell” during a White House event. Shares closed at $260.46, up 12%, marking its strongest weekly performance in over two years.
The rally follows a $6.25 billion pledge by Michael and Susan Dell in December to fund “Trump Accounts,” a federal wealth-building program set to launch July 4, 2026. The contribution targets 25 million children in lower-income ZIP codes, providing $250 per account. DELL shares have surged 107% year-to-date, outpacing broader market gains.
Trump’s endorsement highlighted the Dells’ philanthropic commitment, which exceeds their total reported giving since 1999. The program will seed $1,000 into accounts for children born between 2025 and 2028, with the Dells’ donation extending eligibility to older children.